The price adjustment brings some stability to the industrial sector, though household consumers remain unaffected by the change. Previously, the Indian Oil Corporation had raised commercial cylinder rates to ₹3,113.50 in June, citing significant logistical constraints. This latest correction aligns domestic commercial pricing with broader market trends. Currently, the exchange rate is pegged at 94.66 Indian rupees per U.S. dollar.
India Cuts Commercial LPG Rates by 183 Rupees
State-run oil companies in India have slashed the price of 19 kg commercial LPG cylinders by ₹183.50, offering a reprieve to industrial consumers. The reduction follows a period of volatile pricing that saw costs climb earlier this summer due to supply chain disruptions linked to the ongoing crisis in the Middle East.
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